This educational personal finance show combines money lessons, timely topics, personal stories, and community wisdom to help listeners and viewers master their finances to enjoy a stress free life of financial freedom.
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This educational personal finance show combines money lessons, timely topics, personal stories, and community wisdom to help listeners and viewers master their finances to enjoy a stress free life of financial freedom.
Q&A: Should I Pay Off My Low-Interest Mortgage? | Episode 042
Mark's Money Mind
43 minutes 59 seconds
7 months ago
Q&A: Should I Pay Off My Low-Interest Mortgage? | Episode 042
In this episode Mark discusses the pros and cons of paying off a low-interest mortgage with Doug Cunnington from the Mile High FI podcast. They address a listener's question about whether to pay off a 2.5% mortgage or invest the money elsewhere.
The discussion includes various approaches, potential returns, and risk mitigation strategies. Mark and Doug also delve into scenarios related to market volatility, financial flexibility, and the psychological impact of mortgage debt.
If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.
Episode Links:
Mark’s Money Mind YouTube Channel
Mile High FI podcast
The Wonder of Compounding | Episode 011
Morningstar article: What We’ve Learned From 150 Years of Stock Market Crashes
Timestamps:
01:30 Listener's Mortgage Dilemma
02:39 Mark's Mortgage Insights
03:26 Financial Details Breakdown
08:55 Investment vs. Mortgage Payoff
09:55 Mark's Money Tree Analogy
17:13 AI's Financial Analysis
22:16 Mortgage Payoff vs. Investment Returns
22:56 Evaluating Net Worth and Stress Reduction
23:56 Securing Investments and Limiting Downside
26:19 Flexibility and Liquidity Considerations
27:13 Personal Experiences and Financial Insight
30:38 Market Trends and Historical Insights
36:41 Investment Strategies and Risk Management
39:59 Conclusion and Final Thoughts
Mark's Money Mind
This educational personal finance show combines money lessons, timely topics, personal stories, and community wisdom to help listeners and viewers master their finances to enjoy a stress free life of financial freedom.
